"The market have been terrible. But that doesn't mean this is how markets are going to behave two [or] three months from now," he said. "There are lots of reasons to expect markets to start to perform better."

Ahead of Thursday's trading, the stock market was poised for a weekly loss, picking up in February where last month left off. Wall Street logged its worst January since 2009.

"[But] one of the messages from earnings this season has been, companies don't see the same type of destruction that markets are feeling," Lee said, though he conceded that "investors are doubting what companies are saying."